In the context of global supply chain greening, China's manufacturing sector faces the dual challenge of global expansion ambitions and international green trade barriers. As outdated overseas energy infrastructure and pressure to decarbonize entire product lifecycles become hidden obstacles for manufacturers going abroad, the question arises: how to build a clean, low-carbon, and competitive overseas energy supply system? A deep strategic cooperation between ZHONGYU ENERGY Holdings Limited (03633) and Guangdong Baojie Environmental Technology Co., Ltd. has emerged to address this. Together, they are presenting a Chinese solution centered on "efficient and clean energy utilization plus carbon reduction for cross-border manufacturing," aiming to build a solid green foundation for Chinese manufacturing's globalization.

Energy transition is entering a complex phase, with biomass energy demonstrating significant potential. Driven by dual carbon goals and the need for manufacturing cost reduction and efficiency gains, the energy structure is rapidly evolving towards diversification, cleaner sources, and distributed systems. ZHONGYU ENERGY, a leading integrated clean energy service provider in China, has keenly observed this trend and identifies biomass gasification technology as a critical component of the transition path. As a major renewable energy source, biomass energy possesses carbon neutrality attributes. Its wide distribution and easy accessibility align well with the distributed energy needs of manufacturing. Guangdong Baojie, with thirteen years of deep expertise in biomass gasification, is a benchmark in this field.

The partnership represents a strategic alignment of robust technology and extensive resources. As a national high-tech enterprise and a Guangdong Provincial "Specialized, Refined, Unique, and New" SME, Guangdong Baojie focuses on the R&D and industrial application of complete biomass gasification equipment. It has established full-chain capabilities from equipment manufacturing to investment and operational services. The company operates a 33,000-square-meter manufacturing base, holds 89 authorized patents, and its self-developed 10-35 ton series equipment is a renowned brand in its niche. Its processes, proven over 13 years of practical application, are mature, reliable, stable, and efficient. Annual equipment sales exceed 45 units, with products exported to countries like Malaysia, Vietnam, and Thailand. The company has nearly 30 investment and operation projects across more than ten provinces in China, supplying over 1.6 million tons of green steam annually through EMC energy investment and operation models. Leveraging its core technology and stable energy supply, Guangdong Baojie has long served leading companies such as Jinmailang, Mengniu, Yunnan Baiyao, and China National Chemical Engineering, covering sectors including papermaking, textiles, food, pharmaceuticals, new energy batteries, ceramics, and glass. It has pioneered the application of biomass gasification technology in scenarios like ceramic roller hearth kilns, glass马蹄焰 kilns, and manufacturing facilities for export-oriented power batteries, fully demonstrating the technology's broad adaptability and high reliability.

ZHONGYU ENERGY has years of experience in the city gas sector, possessing deep energy operation expertise, a vast industrial customer base, and nationwide industrial layout resources. It has also established a complementary smart energy ecosystem encompassing low-carbon transportation energy, distributed photovoltaics, low-carbon buildings, industrial energy efficiency, smart grids, and smart heating networks. This collaboration is not a simple addition of services but a strategic synergy of complementary strengths: Guangdong Baojie provides leading biomass gasification technology and operational systems, while ZHONGYU ENERGY contributes channel resources, customer networks, and system integration capabilities. This elevates biomass gasification from single equipment sales to integrated smart energy system services, expanding the green energy footprint domestically and accelerating the transfer of mature technology and service models to the global market.

Empowering manufacturing expansion overseas is the ultimate goal of the partnership. Emerging countries receiving transferred Chinese manufacturing capacity often lack energy infrastructure like natural gas and steam pipelines. Simultaneously, their environmental compliance requirements are tightening, creating a constraint between the need for clean, efficient energy and demands for low-carbon reliability. Leveraging the tropical resource endowment—abundant and low-cost agricultural and forestry waste—in key regions for Chinese manufacturing expansion like Southeast Asia, Africa, and South America, the partners will deploy localized biomass gasification projects. This enables local raw material collection, gasification, and energy supply, reducing corporate energy and logistics costs from the source. They will also explore high-value "gas-char co-production" models, generating clean gas for energy while processing the gasification by-product, biochar, into high-value-added products like activated carbon and bio-organic fertilizers, thus extending the industrial chain and enhancing project overall profitability. This model not only solves the energy pain points of expanding enterprises but also achieves carbon reduction across the product lifecycle from the energy source, helping Chinese manufacturers effectively respond to international green trade barriers and carbon footprint accounting requirements, thereby strengthening their green competitiveness.

Regarding overseas project implementation, two sets of Guangdong Baojie's biomass gasification equipment sold to Malaysia are already operational. Using locally available wood chips as feedstock, they stably supply hot air for rubber drying, significantly reducing energy costs and serving as a benchmark case for the overseas rubber industry. In the coming year, several biomass energy projects in Thailand, Vietnam, and Côte d'Ivoire, Africa, will commence operations, continuously expanding overseas market coverage and accumulating operational experience in different regions to lay the groundwork for future scaled expansion. Adapting to regional industrial differences, the partners will adhere to a strategy of "local conditions, precise measures," formulating differentiated regional implementation plans. In Vietnam, the focus will be on large-scale Chinese textile, dyeing, and paper enterprises expanding overseas, providing customized biomass heating and gas solutions that align with their cost reduction, efficiency, and green transformation needs. In Southeast Asia, aligning with global manufacturing transfer trends, they will engage both large outgoing manufacturers and local Chinese entrepreneurial communities, offering cost-effective energy solutions. In South America, leveraging abundant local agricultural and forestry biomass resources to lower feedstock costs, they will precisely match the energy needs of large local manufacturers. In Africa, building on cooperation experience in Côte d'Ivoire's construction ceramics sector, they will replicate successful models to address challenges like weak energy infrastructure, unstable power supply, and high fossil fuel costs.

The future direction for the partnership focuses on "high-value utilization" and "intelligentization." Leveraging industry-academia-research platforms, efforts will concentrate on enhancing existing product energy efficiency, utilizing industrial kiln scenarios, enriching the product portfolio, and advancing high-value "gas-char co-production," aiming for dual benefits of efficient energy output, multi-scenario utilization, and high-value biochar use. Concurrently, building on ZHONGYU's explorations in smart energy, biomass utilization will advance towards digital and intelligent management, meeting the global manufacturing sector's ultimate demand for low-carbon, environmentally friendly, highly efficient, highly reliable, and highly intelligent energy use.

Competitive advantage in overseas markets stems from accurately understanding and efficiently matching diverse customer needs. For overseas Chinese entrepreneurs, solutions will align with their pragmatic, efficient, and cost-conscious business philosophy, ensuring stable equipment operation while strictly controlling overall project costs to highlight efficiency and economy. For international clients valuing long-term cooperation, the principle of "reasonable profit, quality service, priority on quality" will be upheld, closely integrating with corporate ESG development needs and embedding carbon reduction, environmental protection, and sustainability into solutions.

To drive continuous breakthroughs in overseas business, four specialized "going global" strategies are defined: First, create an industrial synergistic ecosystem, engaging early with companies' overseas project plans to co-develop supporting biomass energy infrastructure. Second, actively participate in overseas industry exhibitions to comprehensively showcase product performance, successful case studies, and solution advantages, enhancing brand recognition abroad. Third, utilize major foreign trade e-commerce platforms to expand online customer acquisition channels, while developing third-party foreign agency businesses to leverage local resources and channels, overcoming barriers like market access, language, and policy alignment. Fourth, strengthen the demonstrative effect of benchmark projects, establishing standardized site visits around operational projects. Organizing potential clients to witness equipment operation, energy usage effects, and cost-saving data firsthand builds trust through direct experience and accelerates project finalization.

From deepening domestic roots to pursuing a global presence, the collaboration between ZHONGYU ENERGY and Guangdong Baojie is not merely a powerful alliance between two companies but a joint pursuit of energy independence and green civilization. Using biomass energy as a cornerstone, they aim to forge a green global passport for Chinese manufacturing, enabling "Made in China" to exhibit stronger competitiveness in the carbon-neutral era.